Thursday, May 7, 2009

According to European pultruder Exel Composites quarterly reports, net sales were down 11.4% for the 1st quarter of 2009.

With operations in Finland, Austria, Germany, UK, China, and Australia, Exel Composites is a good bellwether company for pultrusion industry health in the European markets. Company president said,

“During the first quarter 2009, the impact of the financial crisis has continued to escalate, affecting also market demand in the pultrusion business negatively, especially in the building and construction and transportation segments,”